The China Mail - COP29 opens with Trump climate withdrawal looming

USD -
AED 3.67302
AFN 68.25057
ALL 83.483156
AMD 381.28666
ANG 1.789699
AOA 917.000079
ARS 1331.517198
AUD 1.533989
AWG 1.8025
AZN 1.701624
BAM 1.678416
BBD 2.011225
BDT 121.225644
BGN 1.67595
BHD 0.377008
BIF 2970.239245
BMD 1
BND 1.281665
BOB 6.898002
BRL 5.460296
BSD 0.996082
BTN 87.455643
BWP 13.436429
BYN 3.278753
BYR 19600
BZD 2.000841
CAD 1.373185
CDF 2890.000319
CHF 0.80513
CLF 0.02484
CLP 974.449633
CNY 7.18315
CNH 7.18171
COP 4044
CRC 504.348796
CUC 1
CUP 26.5
CVE 94.626544
CZK 21.049902
DJF 177.384543
DKK 6.39439
DOP 60.621404
DZD 130.329582
EGP 48.458546
ERN 15
ETB 138.442414
EUR 0.85684
FJD 2.253799
FKP 0.751467
GBP 0.74803
GEL 2.697767
GGP 0.751467
GHS 10.509197
GIP 0.751467
GMD 72.501278
GNF 8640.311728
GTQ 7.643755
GYD 208.398948
HKD 7.849455
HNL 26.182027
HRK 6.455199
HTG 130.732754
HUF 341.080505
IDR 16297.85
ILS 3.43782
IMP 0.751467
INR 87.689003
IQD 1304.93922
IRR 42124.999693
ISK 122.350144
JEP 0.751467
JMD 159.191257
JOD 0.709001
JPY 147.258498
KES 128.901322
KGS 87.449956
KHR 3990.988091
KMF 422.49885
KPW 899.94784
KRW 1382.949742
KWD 0.30545
KYD 0.830112
KZT 535.217311
LAK 21550.46277
LBP 89250.942919
LKR 299.682905
LRD 199.72281
LSL 17.746006
LTL 2.95274
LVL 0.60489
LYD 5.421084
MAD 9.036657
MDL 16.918898
MGA 4406.722934
MKD 52.80344
MMK 2099.311056
MNT 3591.43546
MOP 8.053619
MRU 39.734309
MUR 45.350304
MVR 15.405187
MWK 1727.246592
MXN 18.59456
MYR 4.228506
MZN 63.960054
NAD 17.746006
NGN 1525.150182
NIO 36.657011
NOK 10.16617
NPR 139.928686
NZD 1.679882
OMR 0.384488
PAB 0.996082
PEN 3.542113
PGK 4.136416
PHP 57.210499
PKR 282.843731
PLN 3.660896
PYG 7460.963815
QAR 3.631534
RON 4.347702
RSD 100.350056
RUB 80.000386
RWF 1440.873964
SAR 3.752576
SBD 8.217066
SCR 14.635046
SDG 600.507518
SEK 9.604135
SGD 1.283585
SHP 0.785843
SLE 23.103011
SLL 20969.503947
SOS 569.31256
SRD 37.035999
STD 20697.981008
STN 21.025441
SVC 8.715614
SYP 13001.372255
SZL 17.742745
THB 32.299026
TJS 9.31359
TMT 3.51
TND 2.935899
TOP 2.342099
TRY 40.682075
TTD 6.75297
TWD 29.816023
TZS 2472.503383
UAH 41.441389
UGX 3556.272608
UYU 39.974254
UZS 12476.132039
VES 128.747751
VND 26215
VUV 119.124121
WST 2.771506
XAF 562.925172
XAG 0.026298
XAU 0.000296
XCD 2.70255
XCG 1.795214
XDR 0.700098
XOF 562.925172
XPF 102.345818
YER 240.449806
ZAR 17.74998
ZMK 9001.199098
ZMW 22.935654
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • JRI

    0.0800

    13.34

    +0.6%

  • BCE

    -0.3100

    23.25

    -1.33%

  • NGG

    0.0200

    72.3

    +0.03%

  • CMSD

    0.0300

    23.54

    +0.13%

  • BCC

    -3.8500

    82.92

    -4.64%

  • GSK

    -0.5700

    36.75

    -1.55%

  • RBGPF

    1.0800

    76

    +1.42%

  • RIO

    0.3900

    60.09

    +0.65%

  • CMSC

    -0.1200

    22.95

    -0.52%

  • SCS

    0.0300

    15.99

    +0.19%

  • RYCEF

    0.1700

    14.5

    +1.17%

  • VOD

    0.2000

    11.3

    +1.77%

  • BTI

    0.5600

    56.4

    +0.99%

  • AZN

    -0.8800

    73.6

    -1.2%

  • RELX

    -1.7800

    48.81

    -3.65%

  • BP

    0.2800

    33.88

    +0.83%

COP29 opens with Trump climate withdrawal looming
COP29 opens with Trump climate withdrawal looming / Photo: © AFP

COP29 opens with Trump climate withdrawal looming

The COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by the re-election of Donald Trump, who has pledged to row back on the United States' carbon-cutting commitments.

Text size:

Countries come to Baku for the main United Nations forum for climate diplomacy after new warnings that 2024 is on track to break temperature records, adding urgency to a fractious debate over climate funding.

But Trump's return will loom over the discussions, with fears that an imminent US departure from the landmark Paris agreement to limit global warming could mean less ambition around the negotiating table.

"We cannot afford to let the momentum for global action on climate change be derailed," said Ralph Regenvanu, Vanuatu's special envoy for climate change and environment.

"This is a shared problem that will not solve itself without international cooperation, and we will continue to make that case to the incoming president of one of the world's largest polluters."

Outgoing President Joe Biden is staying away, as are many leaders who have traditionally appeared early in COP talks to lend weight to the proceedings.

Just a handful of leaders from the Group of 20, whose countries account for nearly 80 percent of global emissions, are attending.

Afghanistan will however be sending a delegation for the first time since the Taliban took power. They are expected to have observer status.

Diplomats have insisted that the absences, and Trump's win, will not detract from the serious work at hand, particularly agreeing a new figure for climate funding to developing countries.

Negotiators must increase a $100 billion-a-year target to help developing nations prepare for worsening climate impacts and wean their economies off fossil fuels.

How much will be on offer, who will pay, and who can access the funds are some of the major points of contention.

- 'It's hard' -

"It's hard. It involves money. When it comes to money, everybody shows their true colours," Adonia Ayebare, the Ugandan chair of a bloc that groups over 100 mostly developing countries and China, told AFP on Sunday.

Trump, who has repeatedly called climate change a "hoax", has vowed to pull the United States out of the Paris agreement.

But Ayebare brushed aside the potential consequences of a US withdrawal, noting Trump already took Washington out of the Paris agreement during his first term.

"This has happened before, we will find a way of realigning."

Developing countries are pushing for trillions of dollars, and insist money should be mostly grants rather than loans.

They warn that without the money they will struggle to offer ambitious updates to their climate goals, which countries are required to submit by early next year.

"Bring some money to the table so that you show your leadership," said Evans Njewa, chair of the LDC Climate Group, whose members are home to 1.1 billion people.

But the small group of developed countries that currently contributes wants to see the donor pool expanded to include other rich nations and top emitters, including China and the Gulf states.

One Chinese official warned Sunday during a closed-door session that the talks should not aim to "renegotiate" existing agreements.

Liang Pei, an official at China's Ministry of Ecology and Environment, urged negotiators to instead address "the climate crisis collectively, constructively."

- 'Worth it' -

The talks come with fresh warnings that the world is far off track to meet the goals of the Paris agreement.

The climate deal commits to keep warming below 2C compared to pre-industrial levels, preferably below 1.5C.

But the world is on track to top that level in 2024, according to the European Union climate monitor.

That would not be an immediate breach of the Paris deal, which measures temperatures over decades, but it suggests much greater climate action is needed.

Earlier this year, the UN warned the world is on track for a catastrophic 3.1C of warming this century based on current actions.

"Everyone knows that these negotiations will not be easy," said Germany's Foreign Minister Annalena Baerbock.

"But they are worth it: each tenth of a degree of warming avoided means fewer crises, less suffering, less displacement."

More than 51,000 people are expected at the talks, which run November 11-22.

For the second year running the talks will be hosted by a country heavily reliant on fossil fuels, after the United Arab Emirates last year.

Azerbaijan has also been accused of stifling dissent by persecuting political opponents, detaining activists and suffocating independent media.

B.Clarke--ThChM